Logo
Munich Personal RePEc Archive

Education and selective vouchers

Piolatto, Amedeo (2009): Education and selective vouchers.

This is the latest version of this item.

[thumbnail of MPRA_paper_19407.pdf]
Preview
PDF
MPRA_paper_19407.pdf

Download (413kB) | Preview

Abstract

The literature on vouchers often concludes that a voucher-based system cannot be the outcome of a majority vote. This paper shows that it is possible to propose selective vouchers (of exogenous value) such that the majority of voters are in favour of selective vouchers. As long as the introduction of vouchers does not undermine the existence of public schools, introducing selective vouchers induces a Pareto improvement. Some agents use vouchers in equilibrium to buy private education, while the poorest agents continue attending public schools and enjoy an increase in per-capita expenditure.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.